I have warned everyone many times that this is coming. It will only get worse from here, China new laws is coming. Sell first before u get into deep shit.
Nio stock falls after shareholders file to sell off their stakes
Share of Nio Inc. $$ shed 3.52% in premarket trading Friday, after the China-based electric vehicle maker disclosed the offering of 1.68 million shares by selling stockholders.In and S-1 filing with the Securities and Exchange Commission late Thursday, Quasar Energy Partners LLC, Philipp Brothers Fertilizer LLC and Little Brothers LLC are selling off their entire stakes in Nio, totaling 1,682,267 shares, representing 0.4% of the shares outstanding and valued at $77.5 million at Thursday's closin
Many people don’t understand the challenge in the EV industry. They think that anyone can just come in and provide competition which is a joke. U will c many known companies go bust n dust but Tesla will surely be up there.
Many traditional petrol car companies will soon be out of the race. Produce EV cars is no easy feat. U think especially those newcomers can just come in in and compete with Tesla ? Lol then u simply got no idea of the EV industry.